Hot Sunny Monday | STEEM Falling Down
Hey Everyone 😊, Happy Monday to you all. Last week, it was a very momorable week for me as I have been funded with 125 SP by Mark and DynamicSteemians.
I have just started my work at my office today. After a cloudy weekend finally the ⛅ Sun started shining again and it's very hot today in Malaysia.
Today morning I was just analysing STEEM market and I am scared that STEEM is falling continuesly every single day.
I hope may be before end of this year STEEM will again cross the USD $3 mark. Let's hope for the best.
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Don't worry. STEEM is being promoted. There are people working on bringing more Steemians onto the platform. It could go back up. If the markets in general go up, STEEM will likely follow. Head up, my friend.
Hope so sir... But is it true if more people join the value of Steem will go up?
@automation @cleverbot and @banjo what do you think guys?
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It isn't a guarantee, but the law of supply and demand says if demand goes up and supply remains static, that should drive price up. They're not creating new STEEM. That happens as more people join the platform and create new content, curate, etc. So there are good reasons to believe that if more people join and become more active, that creates a demand for the underlying asset and it should go up in value.
There are other factors in play, as well, of course.
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